High Profile Retail Investment

AUCTION - TUESDAY 30TH AUGUST
Premium Automotive Service Centre

  • Renewed 10 yr lease + options to 2041

  • National tenant - AutoPact Group

  • Triple Net Lease $664,202.88 (+GST)*

Next Commercial in conjunction with Blowes Real Estate is delighted to offer to market 202 Sydney Road, Kelso for sale by Public Auction.

Secured by AutoPact - one of Australia's largest private motor vehicle retailers - operating 26 independent sites across the eastern states of Australia.

Triple Net Lease with tenant responsible for outgoings, repairs, maintenance, and building improvements.

Enormous 11,890sqm* developed site located on the northern perimeter of Bathurst CBD, neighbouring BP, BCF, Petbarn, Freedom Furniture, Jaycar and McDonalds.

Investment Highlights:

+ Renewed 10-year Triple Net Lease commencing November 2021, plus 10-year option to 2041
+ Modern 2,590sqm* motor vehicle showrooms & fully automated service centre
+ 11,890sqm* developed site fronting Great Western Highway
+ Lessee pays all statutory outgoings, repairs, maintenance, and building improvements
+ Annual rental increases greater of CPI or 3%. (Ratchet clause applies at option review)
+ Annual net income $664,202.88 (+GST)*

For sale by Public Auction

Auction Details:


Tuesday 30 August 2022

10:30am (AEST)
AuctionWorks - 50 Margaret St, Sydney 2000

For further information and inspections, please contact the exclusive selling agents.

Anthony Bray 0419 322 233

anthony.bray@nextcommercial.com.au

Gary Blowes 0418 635 248

gary@blowesre.com.au


* (approximate)